Several companies, especially those engaged in the services, are constantly facing the pressure on employee turnover. In order to rectify this situation, there are four elements, where the respective companies need to work on. The first step is during the talent recruitment phase. Here, referrals from friends and family must be incentivized. Next is to work on the onboarding process. Thirty- day and sixty- day checklists will need to be prepared in order to smoothen this activity. The third element is in corporate training. This is not just important to new hires, but perhaps even more so with older hands, who constantly require reskilling initiatives. And finally, engagement has to be worked on. This is about empowering frontline managers to take decisions, and be able to communicate their insights gathered, up the chain.

Source:https://www.strategy-business.com/article/The-remedy-for-high-turnover?gko=46566

Uploaded Date:27 December 2019